Everything inside will be high end such as wood floor, stainless appliances, etc, so I'm trying to figure out if I should continue to enhance the house in the backyard or if I should let the new owner figure out how they want to design the backyard.

They key is having enough hours in direct material participation in the operation of the rental activity.

Feel free to participate in any of the forums that are available to you.

Personally, I would be looking for markets with growing populations,growing jobs, high labor force participation, decent incomes, and low poverty rate.

If you've got one started or you participate in some in this area I'd love to hear about them.

Once a specific amount is calculated based on the method chosen by an account (straight line or double declining or something else), it is then allocated to all investors in the deal based on their participation amount.On other hand, while they cannot utilize the depreciation immediately the losses are carried forward and can be netted against gains that may be coming down the road. 

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.

On top of that it has number of other benefits (such as contribution limits nearly 10X higher, exempt from UBIT on leveraged real estate, access to your retirement funds tax-free via participant loan and more) making it superior vehicle compared to SD IRA.

They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio.